Please find enclosed intimation regarding change in Directorate.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magna Electro Castings reported FY2026 revenue of Rs 19,643.75 Lakhs, up 11.3% from Rs 17,644.92 Lakhs in FY25. However, profit after tax declined to Rs 1,847.45 Lakhs from Rs 2,311.70 Lakhs in the prior year, with EPS dropping to Rs 43.65 from Rs 54.62. The Board approved a 50% final dividend of Rs 5 per share, subject to shareholder approval at the AGM on 9th September 2026. Key director re-appointments include Sri. N. Krishnasamaraj as Managing Director and Sri. M. Malmarugan as Executive Director - Operations, both for 5-year terms. Sri. J. Vijayakumar's continuation as Non-Executive Director requires special approval as he has attained 75 years of age under SEBI regulations. The Board also approved a material related party transaction with Samrajyaa Precision Machining Private Limited.
Declining profitability despite revenue growth may concern investors; however, the dividend recommendation and continuation of experienced leadership provide stability. The related party transaction and director continuation approvals at AGM warrant shareholder attention.